Zain KSA pays Mobily SAR219.5mn related to site-sharing and domestic-roaming services dispute
Zain KSA [7030.SE] has announced the payment of SARSAR219mn to Mobily [7020.SE] related to the site-sharing and domestic roaming services dispute. Zain KSA also paid SAR1.2mn to the expert appointed by the arbitration panel. It is worth noting that Zain KSA had made sufficient provisions to cover the full amount. (Company disclosure) Mobily: SAR21.95 as of 20 Feb. 2017, Rating: Neutral, TP: SAR24.53/share, MCap: USD4,507mn, EEC AB/7020.SE Zain KSA: SAR9.25 as of 20 Feb. 2017, Rating: Neutral, TP: SAR6.56/share, MCap: USD1,440mn, ZAINKSA AB/7030.SE
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